COVID-19
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2021
Admiralty Court delivers one of the first judgments relating to COVID-19 and its impact on shipping
The COVID-19 pandemic has had a profound impact on the shipping industry and led to many disputes. However, owing to the prevalence of arbitration in resolving shipping disputes, and the time taken for cases to progress through the courts, there have been few reported cases detailing the pandemic's impact on the industry.
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2021
The corona pandemic: Labour law issues
Updated 25 January 2021 The corona pandemic has had a major impact on Norwegian working life and has led to a number of temporary rule changes.
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COVID-19, Shipping Offshore, Litigation and Arbitration
2020
The effects of Covid-19 on scheduled court and arbitration hearings in England
The effects of the current outbreak of Covid-19 on ongoing court and arbitration proceedings have been profound ranging from general court closures, adjournment of cases and potential increases to costs (as well as some potential savings) and a corresponding rise in remote hearings. The following article sets out basic guidance regarding the conduct of a remote hearing, addresses frequently asked questions and also reviews the potential costs consequences.
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Financing, COVID-19, Financial Regulation
2020
Price in mandatory offer – provisional rules
The Norwegian Ministry of Finance has issued a provisional regulation for the determination of offer price in mandatory offers where the mandatory offer obligation is triggered by an equity contribution to a company in severe financial distress.
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Technology and IT Law, COVID-19
2020
Do you want to share your technology for free in the fight against COVID-19?
Our days are characterized by a national and global effort to fight the COVID-19 virus. As long as we do not have vaccines, medicines or other solutions that can defeat the pandemic, countries around the world resort to curfew restrictions, guidelines for hand washing and social distancing to keep the virus from spreading. There is however no doubt that the race to fight the pandemic is on, and now "Open COVID Pledge" encourages organizations around the world to contribute to research and development by sharing their intellectual property rights for free. Recently, giants such as Facebook, Microsoft, Amazon and IBM announced that they are joining the initiative.
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Oil and gas, COVID-19, Renewable energy and infrastructure
2020
Rescue package CCS investments: What does it mean?
A recent rescue package launched by the Norwegian government intends, among other things, to stimulate activity levels through carbon capture and storage ("CCS") investments. What are the main elements of this scheme, and what does it mean for investors and suppliers?
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2020
Navigating the liquidity squeeze
The COVID-19 virus and its countermeasures, the plunge in the oil price and extreme currency fluctuations are adding to the pain of a prolonged downturn in several shipping / offshore segments with imminent risk of liquidity loss. Decisive response is thus crucial to preserve value for the stakeholders involved.
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Data Protection, COVID-19, Technology and digitalisation
2020
COVID-19 and new IT solutions: Privacy in quarantine?
The corona virus is putting the health and social contemporary world in crisis. The spreading of the virus is very fast and the implementation of new IT solutions to manage both ascertained and potential corona contagions is under evaluation worldwide. The question is - how will the new technologies handle privacy of individuals?
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2020
Temporary lay-offs
Temporary lay-off (Nw. "permittering") is an arrangement where the employee's duties lapse in full or in part, and the employer's duty of remuneration lapses correspondingly. Lay-offs are temporary and the employee maintains his/her status as an employee.
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2020
The COVID–19 virus: Legal challenges for the shipping and offshore industry
The fast spreading of the COVID-19 virus world-wide and actions by regulatory bodies create challenges for all industries, and particularly the shipping and offshore industry, being of international character.
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Mergers and Acquisitions, Tax Law, COVID-19
2020
Governmental support in the coronavirus situation
The following gives an overview over the most relevant temporary measures put in place by the Norwegian government to mitigate the effects of the ongoing Covid19 situation with respect to the Norwegian industry and commerce. This article is last updated 20 March 2020 12:00 (CET). Please note that changes to the below-outlined measures may be made quickly, and that new measures are continuously being evaluated and put into force.
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2020
The coronavirus - labour law issues (updated 15 April)
We have compiled our assessments of certain practical issues for employers related to the coronavirus situation.
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2020
Structuring bond buy-backs in declining markets
Fear of the Corona virus and a plummeting oil price has sent stock markets down and the credit spreads are widening significantly. With investors in sell-off mode issuers can buy back bonds at more attractive spreads, but buy-backs of listed bonds should take into account securities trading regulations and be structured properly.
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COVID-19, Technology and digitalisation, Data Protection
2020
COVID-19 and Data Protection
The Norwegian and three other European data protection supervisory authorities on employers' collection and disclosure of employee data.